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wankshaft 

An exclamation of annoyance or terror. Also an insult.
Ah shit, I can't find my keys. Wankshaft!
or
You're a wankshaft. A complete and utter wankshaft.
wankshaft by Ben Middlemiss July 31, 2004

Wankshaft 

A term that indicates something being utterly pointless, like a chocolate teapot, a man who is afraid of spiders or a Palestinian passport.

The phrase coming from the idea that the shaft, the length of the male member, is solely being employed for wanking and not for procreation.

The sin of Onan, or onanism, is not now inherent in its use as it is rarely used to describe actual masterbatory practices, but more usually the extrapolation of the term wank as a noun.

Whilst the term wanker is usually used in either vitriol or as a term of endearment, the word wankshaft always implies digust and disdain.
"Hey, isn't that Piers Morgan"
"Wadda fucking wankshaft"
"How did he even get a job over here?"
"Coz he was so useful uncovering War Crimes as editor of the Mirror they thought they'd put him to good use working out if The Hoff = "American's Got Talent" - its like algebra or summit"
Wankshaft by RastaVari October 26, 2013

wankshaft 

the principle means of driving a wanking machine, as related to a wankcam, wanksparkplug, and wankignition.
"the wankshaft isn't running properly, it needs a bit of attention" - scantily clad female mechanic

wankshaft 

this is a small donkey that lives in your fore skin and eats the scrot rot of the end of your testicles
"ahhh wankshaft please remove your teeth from my tiny little testicles" - Andy
wankshaft by Smokey Mcpot January 27, 2003

Wankshaft 

A derogatory term to describe the popular MMRPG game “World of Warcraft
“Q: Is he going out tonight?
A: Nah, he’s playing wankshaft again”
Wankshaft by Tikhon January 31, 2007

wankshaft 

the hole created by curling your hand and fingers into a semi-fist.
"the penis fits comfortably into the wankshaft before masturbation
wankshaft by oliver f. August 28, 2003